LOUISVILLE, KY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)KENTUCKY HOSPITAL ASSOCIATION, founded in 1954, is a mid-sized nonprofit that reported $37.7M in total revenue in fiscal year 2024. The organization ran a surplus of $24.4M, a strong 65% operating margin.
THE MISSION OF THE ASSOCIATION SHALL BE TO SERVE AS AN ASSOCIATION THAT REPRESENTS AND SERVES HOSPITALS, RELATED HEALTH CARE ORGANIZATIONS AND INTEGRATED HEALTH CARE SYSTEMS THAT ARE ACCOUNTABLE TO THE COMMUNITY AND ORIENTED TOWARD COMMUNITY HEALTH IMPROVEMENT. WHERE APPROPRIATE, THE ASSOCIATION WILL SEEK TO INVOLVE OTHER HEALTH CARE FACILITIES, PHYSICIAN GROUPS AND OTHER MEDICAL PROFESSIONAL CORPORATIONS, HEALTH PLANS AND OTHER INTEGRATORS.
ON THE FEDERAL LEVEL, CONTINUED TO MONITOR AND ANALYZE LEGISLATION AND REGULATIONS AFFECTING HOSPITALS AND PROVIDED COMMENTS ON HOSPITAL-RELATED REGULATIONS AND INFORMED THE MEMBERSHIP. MONITORED AND...
ON THE FEDERAL LEVEL, CONTINUED TO MONITOR AND ANALYZE LEGISLATION AND REGULATIONS AFFECTING HOSPITALS AND PROVIDED COMMENTS ON HOSPITAL-RELATED REGULATIONS AND INFORMED THE MEMBERSHIP. MONITORED AND PROVIDED COMMENTS ON CENTERS FOR MEDICARE & MEDICAID SERVICES (CMS) OUTPATIENT AND INPATIENT PROSPECTIVE PAYMENT SYSTEM RULES AND WAGE INDEX CHANGES.ON AN ON-GOING BASIS, KHA WORKS WITH THE KENTUCKY CABINET FOR HEALTH AND FAMILY SERVICES ON ISSUES RELATED TO THE KENTUCKY MEDICAID PROGRAM AND THE MEDICAID MANAGED CARE ORGANIZATIONS ("MCO"), EMERGENCY ROOM TRIAGE FEES, MENTAL HEALTH PARITY AND VARIOUS ADMINISTRATIVE PROCEDURES. MONTHLY MEETINGS BETWEEN MEMBERS AND MEDICAID MCOS CONTINUE TO ADDRESS PROBLEMS HOSPITALS EXPERIENCE WITH MANAGED CARE. EFFORTS CONTINUE WITH THE DEPARTMENT FOR MEDICAID SERVICES TO MODEL A NEW DISPROPORTIONATE SHARE SYSTEM FOR HOSPITAL PAYMENTS.KHA MAINTAINED THE STATE DATA CONTRACT FOR COLLECTION OF BOTH INPATIENT AND OUTPATIENT DATA AND CONTINUED THE KENTUCKY BIRTH SURVEILLANCE CONTRACT. REPORTS ARE PRODUCED UTILIZING THE DATA INCLUDING REPORTS TO ASSIST HOSPITALS IN ADDRESSING HOSPITAL READMISSIONS AND DASHBOARD REPORTS DESIGNED TO PROVIDE A HOSPITAL-SPECIFIC SUMMARY FOR EACH MEMBER.THE ECONOMIC IMPACT STUDY FOR EACH KENTUCKY HOSPITAL, WHICH DEMONSTRATES THE VALUE OF THE HOSPITAL TO ITS COMMUNITY, WAS UPDATED. PROVIDED EDUCATIONAL, INFORMATIONAL AND NETWORKING FORUMS FOR MEMBERS TO DISCUSS CURRENT ISSUES OF INTEREST TO MEMBERS. PREPARED ANDDISTRIBUTED INFORMATION TO MEMBERS ON CURRENT HEALTH CARE TOPICS.KY CFS MAKES VALUE BASED MANAGED CARE PAYMENTS TO HOSPITALS. KHA ADMINISTERS THOSE PAYMENTS TO THE HOSPITALS.PROVIDE OVERSIGHT AND SUPPORT STAFF SERVICES FOR THE ACTIVITIES OF THE KENTUCKY HOSPITAL RESEARCH AND EDUCATION FOUNDATION ("KHREF") AND KENTUCKY INSTITUTE FOR PATIENT SAFETY AND QUALITY ("KIPSQ").MONITOR AND PROVIDE COMMENTS AND RECOMMENDATIONS ON KENTUCKY LAWS AND REGULATIONS THAT HAVE AN IMPACT ON HOSPITALS AND HEALTH CARE. KEEP MEMBERS INFORMED REGARDING COMPLIANCE WITH KENTUCKY HEALTH STATUTES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $37,655,065 | $35,671,706 | +0.1% |
| Expenses | $13,289,461 | $18,694,978 | -0.3% |
| Net Income | $24,365,604 | $16,976,728 | +0.4% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| NANCY GALVAGNI | PRESIDENT | 32.40 |
Officer
Director
|
$1,172,394 | $35,503 | $1,207,897 |
| GERARD COLMAN | CHAIR | 1.00 |
Officer
Director
|
$500 | $0 | $700 |
| MIKE SHERROD | PAST CHAIR | 1.00 |
Officer
Director
|
$500 | $0 | $900 |
| MARK BIRDWHISTELL | TREASURER | 1.00 |
Officer
Director
|
$500 | $0 | $600 |
| HOLLIE HARRIS PHILLIPS | DIRECTOR | 0.30 |
Director
|
$500 | $0 | $700 |
| CLINT KAHO | DIRECTOR | 0.30 |
Director
|
$500 | $0 | $700 |
| CHRISTY SPITSER | DIRECTOR (THRU 2/2025) | 0.30 |
Director
|
$500 | $0 | $500 |
| MATT GRIMSHAW | DIRECTOR (FROM 2/2025) | 0.30 |
Director
|
$0 | $0 | $0 |
| WILLIAM HAUGH | DIRECTOR | 0.30 |
Director
|
$500 | $0 | $500 |
| STEVEN HESTER | DIRECTOR | 0.30 |
Director
|
$500 | $0 | $500 |
| GARREN COLVIN | DIRECTOR | 0.30 |
Director
|
$500 | $0 | $500 |
| SARA MARKS | DIRECTOR | 0.30 |
Director
|
$500 | $0 | $500 |
| KEN MARSHALL | DIRECTOR | 0.30 |
Director
|
$500 | $0 | $500 |
| DONOVAN BLACKBURN | DIRECTOR | 0.30 |
Director
|
$500 | $0 | $600 |
| ASHLEY HERRINGTON | DIRECTOR | 0.30 |
Director
|
$500 | $0 | $800 |
| TOM MILLER | DIRECTOR | 0.30 |
Director
|
$500 | $0 | $500 |
| NEIL THORNBURY | DIRECTOR (FROM 11/2024) | 0.30 |
Director
|
$0 | $0 | $0 |
| MIKE YUNGMANN | DIRECTOR | 0.30 |
Director
|
$500 | $0 | $500 |
| DONALD LLOYD | DIRECTOR | 0.30 |
Director
|
$500 | $0 | $600 |
| REBA CELSOR | DIRECTOR | 0.30 |
Director
|
$500 | $0 | $500 |
| DAN MCKAY | DIRECTOR | 0.30 |
Director
|
$500 | $0 | $500 |
| JOE MURRELL | DIRECTOR (FROM 11/2024) | 0.30 |
Director
|
$0 | $0 | $0 |
| MATTHEW AYERS | DIRECTOR | 0.30 |
Director
|
$500 | $0 | $500 |
| ANDREA MCLERRAN | DIRECTOR | 0.30 |
Director
|
$500 | $0 | $500 |
| DAN GOULSON | DIRECTOR | 0.30 |
Director
|
$500 | $0 | $500 |
| ROBERT DESOTELLE | DIRECTOR | 0.30 |
Director
|
$500 | $0 | $500 |
| MATT OURS | DIRECTOR (THRU 4/2025) | 0.30 |
Director
|
$500 | $0 | $500 |
| BRAD LINCKS | DIRECTOR (FROM 4/2025) | 0.30 |
Director
|
$0 | $0 | $0 |
| KATHY STUMBO | DIRECTOR | 0.30 |
Director
|
$500 | $0 | $500 |
| APRIL SMITH | CHIEF FINANCIAL OFFICER | 22.20 |
Officer
|
$280,387 | $18,484 | $298,871 |
| JAMES MUSSER | SVP, POLICY/GOVERNMENT RELATIONS | 40.00 |
Highest
|
$368,924 | $31,017 | $399,941 |
| HAROLD WARMAN | VP, BUSINESS DEVELOPMENT/MEMBER RELATIONS | 30.00 |
Highest
|
$262,190 | $25,123 | $287,313 |
| MELANIE LANDRUM | SVP, DATA/OPERATIONS/INNOVATION | 34.40 |
Highest
|
$256,854 | $30,274 | $287,128 |
| DEBORAH CAMPBELL | VP, CLINICAL STRATEGY & TRANSFORMATION | 9.00 |
Highest
|
$244,058 | $24,429 | $268,487 |
| TRAVIS BURTON | AVP, STATE GOVERNMENT AFFAIRS | 40.00 |
Highest
|
$199,506 | $21,641 | $221,147 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $37,655,065 | $13,289,461 | $90,239,423 | $24,365,604 |
| 2024 | No data | No data | No data | No data |
| 2023 | $21,881,762 | $13,624,010 | $45,175,360 | $8,257,752 |
| 2022 | $18,918,152 | $10,893,646 | $39,246,700 | $8,024,506 |
| 2022 | $18,918,152 | $10,893,646 | $39,246,700 | $8,024,506 |
| 2021 | $12,702,880 | $5,854,304 | $31,664,606 | $6,848,576 |
| 2020 | $7,583,754 | $6,498,367 | $21,127,354 | $1,085,387 |
| 2019 | $7,395,067 | $7,176,249 | $20,222,825 | $218,818 |
Compare KENTUCKY HOSPITAL ASSOCIATION with other nonprofits in Kentucky and across the country.